Final answer:
The statement is False. Geert Hofstede's Individualism/Collective Index measures whether a society values individualistic independence and self-care or collectivistic interdependence and group loyalty.
Step-by-step explanation:
The statement that the Individualism/Collective Index, identified by Geert Hofstede, refers to the preference for behavior that promotes one's self-interest is False. Hofstede's Individualism versus Collectivism dimension actually measures whether people have a preference for a loosely-knit social framework where individuals are expected to take care of themselves and their immediate families (individualism) or a tightly-knit social framework in which individuals can expect their relatives or members of a particular in-group to look after them in exchange for unquestioning loyalty (collectivism). Individualist cultures, like those of the United States, England, and Australia, tend to value independence, competition, and personal achievement. On the other hand, collectivist cultures, common in East Asian, Latin American, and African countries, emphasize group goals, interdependency, and collective well-being over individual success.